Boe­ing sees growth in long haul air

Boe­ing Co said on Tues­day that China is now the most dy­namic mar­ket for in­ter­na­tional flights, and it is very pos­i­tive about the out­look for the growth of China’s long­haul mar­ket, due to strong do­mes­tic and over­seas travel de­mand, and a ris­ing mid­dle class.

The plane man­u­fac­turer lifted its fore­cast for China, and said the na­tion is likely to be­come the first coun­try with an avi­a­tion mar­ket ex­ceed­ing $1 tril­lion in the next two decades. Chi­nese air­lines are es­ti­mated to pur­chase 6,810 air­planes val­ued at $1.025 tril­lion in the next 20 years.

Among the new de­liv­er­ies, Boe­ing pre­dicts that China will need 5,110 new sin­gle-aisle air­planes through 2035, ac­count­ing for 75 per­cent of the to­tal, and China’s wide­body fleet is to triple in size over the next two decades.

“As China tran­si­tions to a more con­sumer-based econ­omy, avi­a­tion will play a key role in its eco­nomic de­vel­op­ment,” said Randy Tin­seth, vice-pres­i­dent of mar­ket­ing at Boe­ing Com­mer­cial Air­planes.

“Be­cause travel and trans­porta­tion are key ser­vices, we ex­pect to see pas­sen­ger traf­fic grow 6.4 per­cent an­nu­ally in China over the next 20 years.”

Mean­while, low-cost car­ri­ers and full-ser­vice air­lines have been adding air­planes and ex­pand­ing new point-to-point ser­vices be­tween smaller cities to cater for

both leisure and busi­ness tom travel line de­mandof the so­cial­ist­from a ris­ingsys­tem mid­dle class with in China Chi­nese and char­ac­ter­is­tic­sthrough­out Asia. and the rul­ing In of the the last Com­mu­nist­five years, Party the num­berof China.”of di­rect in­ter­na­tional Zhang flights said to the and thor­ough from China in­ves­ti­ga­tion­saw a surge of of the 150 il­le­gal per­cent. elec­tion Di­rect rep­re­sents flights the be­tween cen­tral sec­ond-tier lead­er­ship’s Chi­nese firm cities de­ter­mi­na­tio­nand over­seasto gov­ernci­ties havethe coun­try­been the by mainthe rule drivin­gof law force andof theto ad­min­is­ter growth. the Party strictly,

Tin­seth said the con­tin­u­ing which main­tains the dig­nity ex­pan­sion of China’s and au­thor­ity of both mid­dle class, cou­pled with the peo­ple’s congress sys­tem new re­laxed visa poli­cies and the so­cial­ist rule and a wide range of wide of law. body air­planes with new

Since a new round of tech­nolo­gies, ca­pa­bil­i­ties peo­ple’s congress elec­tions and ef­fi­cien­cies, gives will start this year, Zhang Boe­ing suf­fi­cient rea­son called on peo­ple’s con­gresses to ex­pect a very bright at all lev­els to fu­ture for China’s long-haul “re­think pro­foundly the mar­ket. case in Liaon­ing and learn

Li Xiao­jin, a pro­fes­sor at a les­son from it”. the Civil Avi­a­tion Univer­sity

“Un­der no cir­cum­stances of China in Tian­jin, said should money for votes China is ex­pected to have be brought in elec­tions,” he a surge on in­ter­na­tional said. travel vol­ume. By 2020,

On the and other pros­per­ity,”hand, driven­the opin­ionby China’s piece grow­ingsays. e-com­merce The busi­nessNPC — Stand­ing al­ready Com­mit­teethe largest ses­sionin the usu­ally world — air con­ve­nescargo is ev­ery ex­pected two to months,be­come a but key it driver­can al­so­for thebe con­vened con­tin­u­ous pro­vi­sion­al­ly­growth of avi­a­tionas needed.in China, with the need for 180 new freighters and 410 con­verted freighters.

REUTERS

A Boe­ing em­ployee uses a lift to get a view of an 787 en­gine dur­ing a me­dia pre­sen­ta­tion at Boe­ing’s site in Everett.